Old Car Selling Tips: If you want to avoid getting caught in legal troubles, then today we want to tell you what you should do before selling a car.
Old Car Selling Tips: It is very important to do some important work before selling an old car, so that legal troubles can be avoided in the future. If these things are not taken into account, then later you may have to go to the court. Follow the steps below:
1. Transfer the RC (Registration Certificate)
After selling the vehicle, make sure to transfer its Registration Certificate (RC) to the new owner's name immediately.
For this, an application has to be made to the RTO. Only after naming the new owner, he will be considered the legal owner of the vehicle.
2. Submit Form 29 and 30
For RC transfer, you need to submit Form 29 and Form 30 to the RTO.
These forms are part of the official process of selling the vehicle and changing ownership.
3. Take a No Objection Certificate (NOC)
If the vehicle was taken on finance or is running a loan from a bank, pay it in full first and take the NOC from the bank.
This certificate will prove that there is no outstanding loan on the vehicle.
4. Update Pollution and Insurance
Before selling the vehicle, it is necessary to get its Pollution Under Control (PUC) certificate and insurance updated.
Transfer the insurance to the new owner so that you can avoid legal liability in the event of an accident.
5. Get the vehicle fully serviced
Get the vehicle fully serviced and make sure that the vehicle is in good condition.
The right condition of the vehicle can get a better deal for you.
6. Prepare the Sale Agreement
When selling the car, make a sale agreement, in which all the details of the vehicle, the buyer's name, address, and sale date are recorded.
Also explain the price of the vehicle and the mode of payment (cash, check or online) in the agreement.
7. Settle old invoices
Before selling the vehicle, make sure that there are no invoices or penalties owed on it.
Pay the challan online or by visiting the concerned department.
8. Make a Delivery Note
At the time of delivery of the vehicle, make the buyer sign the delivery note.
This will prove that you no longer own the car and that you are free from any responsibility.
9. Check the number plate and documents
Hand over the original documents and number plate to the buyer along with the vehicle in the correct condition.
10. Get confirmation from RTO
After the RC transfer process is complete, get a confirmation from the RTO that the ownership of the vehicle has changed.
By completing all these steps, you can avoid any future legal problems. Keep in mind, do not take the process of selling a car carelessly.